Spot prices at a glance (December 02, 1991)
Weeks Price (US) Change Gold* $366.50 + $3.95 Silver* $ 4.10 + $0.02 Platinum* $367.25 + $1.10 Nickel** $ 3.23 …. Lead** $ 0.23 + $0.00 Copper $ 1.09 + $0.02 Zinc $ 0.53 + $0.01 Courtesy of Scotiaba…
Articles by Northern Miner Staff
NEWS IN BRIEF (December 02, 1991)
Reymont Gold Mines Ltd. (RMT:ASE) has changed its name to Pallaum Minerals Ltd. (PLM:ASE) with a consolidation of capital on a 1-new-for-10-old-share basis. The transfer agent is National Trust.
Comaplex dispute takes new twist
Almost four years after a Swiss bank acquired 75% of Calgary-based Comaplex Resources (TSE) without adequate disclosure to the Ontario Securities Commission, the complicated case has taken a new twist…
Graphicor suspends graphite project
Suspension of all mining activities at the Diotte graphite property at St. Aime, Lac des Iles, Que., was announced by Graphicor Resources. The company suspended operations because, it said it has been…
Agnico finds new zone at Baker Lake
Exploration on new, Lupin-type targets at the Meadowbank project, 27 miles north of Baker Lake, N.W.T., has confirmed the presence of a new gold-bearing structure stretching for at least 730 ft. along…
Ottawa must hone mining’s competitive edge: Hendrick
How to gain a competitive edge in a climate of continuing globalization was the theme of the ninth annual Mineral Outlook Conference staged here recently. Five hundred delegates heard Mining Associati…
Lassonde tells of Soviet trip
Definitely not bullish on the economic fortunes of the Soviet Union, Franco-Nevada Mining (TSE) President Pierre Lassonde provided an entertaining look at mining in that nation at a recent luncheon of…
Epp says Ottawa may leave mining entirely up to provincial
The federal government is considering vacating its role in the mining industry, Mines Minister Jake Epp told delegates to a mining industry symposium recently. As part of its proposal to amend the Can…
LAC offering shares at $9.25
An offering worth almost $105.9 million is being planned by LAC Minerals (TSE). The gold producer said it intends to offer 11 million common shares at $9.25 per share throughout Canada. An underwritin…
Muscocho negotiates loan with Ontario government
The Ontario government is offering its support to the Magino gold mine near Wawa, Ont., by lending cash-strapped partners Muscocho Explorations (TSE) and McNellen Resources (TSE) $1 million. Under a t…
Placer, Outokumpu in joint effort
The exploration subsidiaries of two international mining companies have joined forces to launch a new exploration thrust for gold and base metals into certain East European and African countries. Vanc…
Hall of Fame to induct GSC’s Logan
The founding director of the Geological Survey of Canada (GSC), which will celebrate its 150th anniversary next year, will be inducted into the Canadian Mining Hall of Fame in January, it was announce…